LCFS Credit Volume Hits Mid-Year Slump
LCFS credit volume continued lower despite a slight increase in transactions over the past week. Weekly LCFS credit volume of 119,252 was 19 percent below last week’s and 74 percent under the 2021 weekly average of 461,101. Second quarter volume is six percent below first quarter volume but 14 percent over Q2 of 2020. The average price paid per credit declined $1.97 to $187.42. Of the 21 transactions posted, Type 1 transfers totaled 15,252 credits and Type 2 transfers 104,000 credits. Type 1 transfers accounted for 29 percent of the transactions and 13 percent of the volume.
Type 1 transactions are executed within 10 days of an agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may provide a more accurate indication of market…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.